Braskem (NYSE: BAK) explains creditor talks and 60-day court protection
Rhea-AI Filing Summary
Braskem S.A. responds to a request from B3 and the Brazilian Securities and Exchange Commission about media reports suggesting it is moving closer to judicial reorganization. The company explains it has retained financial and legal advisors and is evaluating alternatives to optimize its capital structure.
Braskem states it is in ongoing negotiations with holders and managers of its Senior Notes and Debentures, exchanging indicative, non-binding proposals for a potential capital structure reorganization, including possible capitalization and collateralization of assets. A court, within a Precautionary Injunctive Relief proceeding, ordered a 60-day stay of enforcement actions by certain creditors invited to mediation. Braskem emphasizes that no decision has been reached on the terms of any restructuring or on additional judicial or other measures and reiterates its commitment to pursue a consensual, orderly solution while maintaining normal operations.
Positive
- None.
Negative
- 60-day court-ordered stay on creditor enforcement signals significant financial stress as Braskem analyzes potential capital structure reorganization and possible judicial measures, even though no restructuring decision has yet been taken.
Key Figures
Key Terms
Judicial Reorganization regulatory
Precautionary Injunctive Relief regulatory
Senior Notes and Debentures financial
mediation proceeding regulatory
Material Fact regulatory
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FAQ
What did Braskem (BAK) say about reports it is moving closer to judicial reorganization?
What restructuring steps has Braskem (BAK) taken so far?
What court protection did Braskem (BAK) obtain and for how long?
Has Braskem (BAK) agreed to binding terms for a capital restructuring?
How is Braskem (BAK) engaging with its financial creditors?
What prior disclosures has Braskem (BAK) made about its capital structure review?
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2026
(Commission File No. 1-14862 )
BRASKEM S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant's name into English)
Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.
São Paulo, July 31, 2026.
To
B3 – BRASIL, BOLSA, BALCÃO (“B3”)
Praça Antônio Prado, 48, 2nd Floor
ZIP Code 01010-010, São Paulo, State of São Paulo
Ana Lucia Pereira
Listing and Issuer Regulation Superintendent
B3 S.A. - Brasil, Bolsa, Balcão
c.c.: CVM - Brazilian Securities and Exchange Commission
Mr. Fernando Soares Vieira - Superintendent of Corporate Relations
Ref.: Letter No. 229/2026-SLE dated July 30, 2026 - Braskem S.A. - Request for Clarification Regarding News Report Published in the Media
Dear Sir/Madam,
We refer to the recent news reports published in the media and to B3 Letter No. 229/2026-SLE (the “Letter”), dated July 30, 2026, pursuant to which you requested clarifications from Braskem S.A. (“Braskem” or the “Company”), as detailed below:
“Ref.: Request for Clarification Regarding News Report Published in the Media
Dear Sir,
In a news article published by Valor Econômico on July 29, 2026, under the headline “After Another Failed Round of Negotiations, Braskem Moves Closer to Judicial Reorganization, Sources Say,” it is stated, among other things, that:
| · | With fewer than 30 days remaining under the protection of a precautionary injunction that prevents collection and enforcement actions, the Company is moving closer to a potential judicial reorganization, a measure that, according to Valor’s findings, would already have the consent of its principal shareholders, albeit unofficially and without reflecting their actual preference; and |
| · | Absent an agreement and with the protection period nearing its expiration, one source noted that the controlling shareholders would already be acknowledging that a judicial reorganization may be the best alternative to preserve the Company and its assets. |
We request clarification regarding the matters highlighted above by July 31, 2026, including confirmation or denial thereof, as well as any other information deemed relevant.”
The Company reiterates that, as disclosed in (i) the Material Fact published on September 26, 2025, the Company retained specialized financial and legal advisors to assist it in conducting a comprehensive assessment of economic and financial alternatives aimed at optimizing its capital structure; and (ii) the Material Fact published on June 25, 2026, the Company and certain holders of, and investment managers for, one or more of the Senior Notes and Debentures issued or guaranteed by Braskem ("Investors"), together with their respective advisors, have been exchanging information and non-binding, indicative proposals regarding terms and conditions in the context of a potential reorganization of the Company's capital structure ("Restructuring").
In addition, as disclosed in the Material Facts published on June 25 and 26, 2026, the Court of the 2nd Bankruptcy and Judicial Reorganization Court of the Judicial District of the Capital of the State of São Paulo (2ª Vara de Falências e Recuperações Judiciais da Comarca da Capital do Estado de São Paulo), within the scope of the Precautionary Injunctive Relief proceeding (Tutela de Urgência Cautelar) filed by the Company and certain of its subsidiaries, granted the requests submitted and, among other measures, ordered the stay of all enforcement actions and attachments by creditors that had been invited to participate in the mediation proceeding initiated by the Company and certain of its subsidiaries before the Wind Mediation Chamber (Câmara Wind de Mediação), for a period of 60 days.
Since then, and as clarified in the responses to B3 Letter No. 219/2026-SLE and CVM Letter No. 231/2026/CVM/SEP/GEA-1, disclosed by the Company through Notices to the Market on July 21, 2026 and July 28, 2026, respectively, the Company and its advisors have continued to engage with creditors and their advisors, having received merely indicative and non-binding proposals from groups of creditors regarding the key terms and tentative parameters for a potential Restructuring. Such proposals include a possible capitalization and the granting of security interests over assets as collateral, which remain under analysis by the Company. As of this date, no decision has been reached regarding the terms of a potential Restructuring or any additional measures, whether judicial or otherwise, in connection with a potential Restructuring.
The Company reiterates to its Investors that it remains fully committed to continuing discussions with its financial creditors in pursuit of a consensual, structural and orderly solution for its capital structure, while ensuring the continuity of its operations in the ordinary course of business.
There being no further matters to address at this time, we remain at disposal for any further clarification that may be required.
Additional information can be obtained from the Investor Relations Department by phone at +55 (11) 3576 9531
or by email at braskem-ri@braskem.com.br.
Sincerely,
Carlos Augusto Machado Pereira de Almeida Brandão
Chief Financial and Investor Relations Officer
Braskem S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 31, 2026
| BRASKEM S.A. | |||
| By: | /s/ Carlos Augusto Machado Pereira de Almeida Brandão | ||
| Name: | Carlos Augusto Machado Pereira de Almeida Brandão | ||
| Title: | Chief Financial Officer | ||
DISCLAIMER ON FORWARD-LOOKING STATEMENTS
This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.